Download FOR SALE

FOR SALE
1461-1463 Gerrard St. E., Toronto
URBAN STREET-FRONT
MIXED USE OPPORTUNITY
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Opportunity
A corner asset with excellent
high street exposure, the
subject property provides an
exceptional opportunity for a
retail investor, developer or
owner user to acquire a mixed
use property with 48 feet of
frontage in the heart of
Toronto’s Indian Bazaar
Neighborhood. The site
located just east of the
gentrifying Gerrard and
Coxwell intersection benefits
from close access to the
Gerrard East streetcars,
connecting the property to
both the Yonge and the Bloor
subway lines.
LIST PRICE
$2,600,000
KEY HIGHLIGHTS
 Convenient access to the Gerrard East street cars, located directly
east of the gentrifying Gerrard and Coxwell intersection,
 Corner property with 48 feet of frontage
 Significant value-add opportunity through repositioning of the asset
into improved retail, office, or multi-residential
 Two (2) parking spaces available at rear
Location
Located in the heart of Toronto’s Indian Bazaar, this stretch of Gerrard Street East boasts the largest marketing
place of South Asian goods and services in North America. With over 100 shops and restaurants, this slice of the
Indian subcontinent offers a wide selection of services and products, displayed through the sights, sounds, tastes
and aromas of India. TTC street cars operate regularly along Gerrard East, connecting the Bazaar to the rest of
downtown via either the Main Street station to the north -east, or the College station to the west.
PROPERTY DETAILS
Frontage:
48 ft
Building Area:
8,806 sf (above grade)
Depth:
100 ft
Retail Area:
4,403 sf
Lot Area:
4,822 sf
Second Floor Area:
4,403 sf
Zoning:
CR 2.0 (c1.0; r2.0)
Basement Area:
4,403 sf
Official Plan:
Mixed Use Area
Parking:
2 spaces
Income & Tenancy
The site is improved with a two storey structure with retail tenancy at grade and a recently renovated retail
showroom on the second floor. The entire building is fully leased on a month to month basis to an established local
fashion retailer. A significant value-add opportunity exists through the repositioning of the property into improved
retail or user owner office. The second floor space can also be configured into its original configuration of four (4)
apartment units. The potential also exists for a ground floor patio.
Offering
Guidelines
Jones Lang LaSalle Real Estate
Services, Inc. (the “Advisor”) has
been retained by 2276832 Ontario
Inc. {the “Vendor”), on an exclusive
basis, to sell 1461-1463 Gerrard
Street East, Toronto, Ontario (the
“Property”). The Property is offered
for sale at a price of $2,600,000 and
will be sold on an as-is, where is
basis, free and clear of debt. The
Vendor’s objective is to maximize sale
proceeds while preference will be
given to Offers with limited
conditionality and timely closing.
Offers will be considered by the
vendor on an as received basis and
should be submitted to the attention
of Elliot Medoff at 199 Bay Street,
Suite 4610, Toronto, ON, M5L 1G3.
For more information
please contact:
Elliot Medoff*
Vice President
JLL Capital Markets Group
+1 416 238 9768
[email protected]
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*Sales Representative / *Broker